Author: Arabian Media staff
Image: Supplied EMSTEEL has delivered another strong quarter, underscoring its momentum as one of the region’s most resilient and forward-looking industrial players. Group revenue rose 13 per cent year-on-year in Q3 2025 to Dhs2.17bn while in the first nine months of year, the group’s revenue rose 10 per cent to Dhs6.5bn. The group delivered strong operational performance, increasing total steel sales volumes by 9 per cent year-on-year (YoY). Strong UAE market demand and optimised capacity utilisation enabled the full conversion of semi-finished products into finished goods to better serve customers. As a result, sales volumes of finished steel products rose…
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Image: Supplied It’s peak IPO season in Dubai, with a succession of companies trying to capture the ever-growing retail investor demand for quality stock picks. Even as other stock markets – such as the red-hot one in the US – as well as assets such as gold and Bitcoin also try to draw in more investments their way. For the DFM and ADX, it’s been an interesting year, with both of the UAE’s stock markets signing up new investors to trade in listed stocks. The returns for these investors have been solid, with some recently listed companies continuing to offer…
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Image credit: Etihad Rail/Twitter The planned Etihad Rail network for the UAE is expected to include a stop at Al Maktoum International Airport (DWC), a move set to transform the nation’s travel landscape. Paul Griffiths, CEO Dubai Airports, envisions an integrated system where passengers en route to the airport can check in their baggage at train stations, effectively merging air and rail travel into a single, seamless journey. This vision, once realised, will position the UAE among the few nations globally offering a truly unified transport ecosystem, enabling travelers to move effortlessly from city centers to airport terminals without handling…
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The GCC Power Grid which links six Gulf states expects to invest more than $3.5bn over the next 10 years to strengthen the grid, integrate renewable sources and open new export opportunities to neighbouring countries, the head of the grid’s operator GCCIA told Reuters on Tuesday. The GCC grid is due to connect to Iraq next April, its first external link beyond the region, and is also looking at connecting to Jordan and Egypt and possibly Syria in future, said Ahmed Al-Ebrahim, CEO of the Gulf Cooperation Council Interconnection Authority (GCCIA). GCCIA’s transmission system links the grids of all six Gulf Cooperation Council member states, stretching…
Image: Getty Images Oil producers TotalEnergies TTEF.PA, QatarEnergy QATPE.UL and Petronas PETRA.UL have signed a five-year agreement with Guyana’s government to explore a shallow-water block, authorities and company executives said on Tuesday. Guyana has struggled to diversify its energy industry, currently dominated by a consortium that is led by US Exxon Mobil XOM.N and that has controlled all crude and gas output since the South American country became an oil producer in 2019. The production sharing agreement for Block S4, located 50-100 km (30-60 miles) off Guyana’s coast, is the first signed following a tender in 2023 that allowed the government to allocate eight out of…
Image: Supplied Al Ghurair Development, the evolution of Al Ghurair’s real estate arm, has unveiled The Weave in Jumeirah Village Circle, marking the debut of its premium freehold residential portfolio. Designed in collaboration with award-winning Australian architect Joe Adsett—his first project in the Middle East—the launch highlights Al Ghurair’s continued contribution to Dubai’s urban landscape and reinforces its reputation as one of the region’s most trusted developers. Guided by the group’s purpose, ‘In pursuit of better’, Al Ghurair Development was established to create residential ecosystems that blend functionality, quality, and design. Representing the next generation of real estate development for…
Image: DWTCA Dubai World Trade Centre Authority (DWTCA) has introduced a new framework allowing companies registered in the DWTC Free Zone to issue multiple classes of shares, in a move aimed at increasing capital structuring flexibility and attracting a wider pool of investors. The reform, announced on Monday, enables businesses to issue various share types beyond traditional ordinary shares, including preference, founder’s, restricted, and tiered share classes such as A, B, C, and D. These can be customised in a company’s Memorandum of Association to define specific rights and restrictions, covering dividends, voting powers, transfer conditions, and safeguards for minority…